Since taking office in April, Ethiopia’s reformist Prime Minister Abiy Ahmed has announced plans to liberalize the economy by privatizing fully or partially state enterprises such as aviation, energy, telecommunication and manufacturing.

Under the plan foreign and domestic investors will be able to buy minority stakes in sectors that were previously deemed off limits to private enterprise.

Kenyan Banks Eyeing Ethiopia

A number of local banks are said to be preparing to make a foray into the Ethiopian market;

Abraham

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